Massey Knakal Sells Retail Strip Center In Coram
A retail strip center at 16 Middle Country Road, located between Erna and Fife Drivesin Coram, a hamlet in Suffolk County, was sold in an all-cash transaction valued at $1,550,000.
This one-story retail strip center contains approximately 10,000 square feet on a 1.26 acre lot. It consists of 11 retail units, with a large parking lot in front of the building and additional parking in the rear. Each tenant has their own heating and air conditioning units and is responsible for their own utilities. The sale price equates to approximately $155 per square foot.
“Income producing properties continue to receive a ton of attention from investors,” said Massey Knakal Director of Sales Lev Kimyagarov, who exclusively represented the seller with Director of Sales Stephen R. Preuss.
Massey Knakal specializes in the sale of investment and user properties in the New York Metropolitan area. Since 1988, our agents have closed over 4,200 transactions having a market value in excess of $15 billion.